Only the most arduous waiting, the most difficult persistence, and the most noble adherence to dreams are worthy of the most enduring applause. In the evening, after being pushed by the news, the shorts continued to increase in volume, and the price ratio fell from a high of 61,800 to a low of 58,823, with a fluctuation of more than 3,000 points, and then fell into a volatile situation. Our empty Dan cake entered the market when the price ratio rebounded, and after taking more than 700 points, it reduced its position and held it. The ether volatility was too small and did not give an opportunity to enter the market.
From the current market, the daily and 4-hour lines are still bearish trends. On the hourly line, the price ratio has been declining continuously and is still under pressure. Whether it can break through the support below remains to be seen. Technical indicators show that the market may be oversold, but there is no clear reversal signal yet. There may be a chance for a small rebound, but it is necessary to break through the upper resistance level to confirm a stronger rebound trend. In the short term, the market will fluctuate, both long and short are OK, waiting for the market to release further trend signals before making adjustments.
Baidu is short at 59300-59600, with a target of around 57500
Ether is short at around 2680, with a target of around 2600
#美国CPI数据连续第4个月回落 #新币挖矿TON #美国7月PPI低于预期 #WBTC #TON
